In a now deleted tweet, Elon Musk said verified accounts would get a "few weeks grace" but would lose their badges if "they tell they won't pay now" (Aaron McDade/Yahoo Finance)

Aaron McDade / Yahoo Finance:
In a now deleted tweet, Elon Musk said verified accounts would get a “few weeks grace” but would lose their badges if “they tell they won't pay now”  —  - The first day of Twitter's previously announced axing of “legacy” verified checks nearly passed without incident.

A16Z appears to openly court Saudi capital; Horowitz compared the US unfavorably to the Saudis after the US government appeared unmoved by an Andreessen essay (Connie Loizos/TechCrunch)

Connie Loizos / TechCrunch:
A16Z appears to openly court Saudi capital; Horowitz compared the US unfavorably to the Saudis after the US government appeared unmoved by an Andreessen essay  —  Andreessen Horowitz is now openly courting capital from Saudi Arabia, despite U.S. strains.  —  According to Bloomberg …

Sources: SVB execs bought long-term assets that paid more interest based on a misplaced profit-driven strategy, falling out of compliance with its risk model (Washington Post)

Washington Post:
Sources: SVB execs bought long-term assets that paid more interest based on a misplaced profit-driven strategy, falling out of compliance with its risk model  —  Focused on profits, leaders made decisions that foreshadowed the bank's surprise failure  —  Flush with cash from a booming tech industry …

Sources: Lyft founders' departures followed months of staff concerns as the company's market value fell 85% to under $3.5B in two years, while Uber fared better (Wall Street Journal)

Wall Street Journal:
Sources: Lyft founders' departures followed months of staff concerns as the company's market value fell 85% to under $3.5B in two years, while Uber fared better  —  New CEO says he aims to boost employee morale and overhaul customer and driver experience  —  Tech Live: Lyft Co-Founder on Stock-Price Tumble, Autonomous Cars

NLRB says Activision Blizzard broke US labor law by illegally surveilling staff during a walkout and threatening to close some Slack channels amid a union drive (Daniel Wiessner/Reuters)

Daniel Wiessner / Reuters:
NLRB says Activision Blizzard broke US labor law by illegally surveilling staff during a walkout and threatening to close some Slack channels amid a union drive  —  Activision Blizzard Inc (ATVI.O) violated U.S. labor law by illegally surveilling employees during a walkout and threatening …

Sources: ByteDance had revenues of $80B+ in 2022, up 30% YoY, after growing 70% between 2020 and 2021; TikTok represented ~12% of total ByteDance revenue (Juro Osawa/The Information)

Juro Osawa / The Information:
Sources: ByteDance had revenues of $80B+ in 2022, up 30% YoY, after growing 70% between 2020 and 2021; TikTok represented ~12% of total ByteDance revenue  —  ByteDance, the Chinese owner of TikTok, generated more than $80 billion in annual revenue last year, up more than 30% from roughly $60 billion in 2021 …